• ITVI.USA
    15,353.780
    -79.690
    -0.5%
  • OTLT.USA
    2.732
    0.005
    0.2%
  • OTRI.USA
    20.880
    0.030
    0.1%
  • OTVI.USA
    15,332.660
    -75.700
    -0.5%
  • TSTOPVRPM.ATLPHL
    3.280
    -0.020
    -0.6%
  • TSTOPVRPM.CHIATL
    3.190
    0.050
    1.6%
  • TSTOPVRPM.DALLAX
    1.560
    -0.030
    -1.9%
  • TSTOPVRPM.LAXDAL
    3.420
    0.090
    2.7%
  • TSTOPVRPM.PHLCHI
    2.220
    0.050
    2.3%
  • TSTOPVRPM.LAXSEA
    4.080
    0.000
    0%
  • WAIT.USA
    126.000
    1.000
    0.8%
  • ITVI.USA
    15,353.780
    -79.690
    -0.5%
  • OTLT.USA
    2.732
    0.005
    0.2%
  • OTRI.USA
    20.880
    0.030
    0.1%
  • OTVI.USA
    15,332.660
    -75.700
    -0.5%
  • TSTOPVRPM.ATLPHL
    3.280
    -0.020
    -0.6%
  • TSTOPVRPM.CHIATL
    3.190
    0.050
    1.6%
  • TSTOPVRPM.DALLAX
    1.560
    -0.030
    -1.9%
  • TSTOPVRPM.LAXDAL
    3.420
    0.090
    2.7%
  • TSTOPVRPM.PHLCHI
    2.220
    0.050
    2.3%
  • TSTOPVRPM.LAXSEA
    4.080
    0.000
    0%
  • WAIT.USA
    126.000
    1.000
    0.8%
American ShipperShippingTrade and Compliance

Descartes reports another increase in profits

The global trade and transportation software provider posted a net income of $5.1 million for the second quarter of fiscal 2016, which ended July 31, a year-over-year increase of 42 percent.

   Descartes Systems Group Inc., a global trade and transportation software provider, posted a net income of $5.1 million for the second quarter of fiscal 2016, which ended July 31, a year-over-year increase of 42 percent.
   The company reported earnings per share on a diluted basis of $0.07 for the quarter, in comparison to $0.05 per share during the second quarter of fiscal 2015.
   Revenues for the quarter jumped 6 percent from the second quarter of fiscal 2015 to $45.2 million. Descartes reported its services revenues, which comprised 95 percent of the company’s total revenues for the quarter, reached $42.8 million for the quarter, also a year-over-year jump of 6 percent.
   During the second quarter of fiscal 2016, Descartes acquired all outstanding shares of MK Data July 20, a provider in the denied party screening solutions market, for which it paid $80.2 million in cash.
   In addition, the global trade and transportation software provider also acquired all outstanding shares of BearWare July 22 for $11.2 million in cash. BearWare is a provider of mobile solutions that connect logistics companies with retailers.

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